the jordan thing dont make to much sense. didnt he make 23 million the last year with the bulls

As it was said before, Jordan didnt start getting "paid" until the end of his career. Before that he was under a long term contract that paid him 25Mil over 8 years (1988-1996)...Just found his yearly money

The same reason many professional athletes are broke, poor money management. What we see is total before tax salary. Once you get done with taxes and everyone else who gets money off the top, the players only see a fraction of the actual contract.....Add to that trying to live a lavish lifestyle, and not preparing for the future, they end up broke because they are not watching their money and the people that ARE watching their money are saying yes when they should say no....